The renegotiation of the North American Free Trade Agreement (“NAFTA”) has become an increasingly difficult process. This is unsurprising, however, because there is no agreement amongst the member countries as to why the NAFTA needs be renegotiated. Mexico and Canada regard the renegotiation process as an opportunity to modernize NAFTA. Although the United States does…

Imagine living in a world in which trade comprised of only bilateral agreements. Do you suppose that such two-sided scenarios for trade relations would be capable of meeting the diverse needs of the world’s many trading partners? This view of the future is certainly hypothetical, but we are in fact right now observing a strong…